Investing.com — US stock traded higher Monday, with sentiment boosted by Donald Trump’s nomination of Scott Bessent as Treasury Secretary.
Here are some of the biggest premarket US stock movers today:
Macy’s (NYSE:) stock fell 4.4% after the retail giant announced a delay to its third-quarter release, citing an accounting issue. Also, sales in its preliminary results disappointed, as steep promotions failed to attract customers who have turned selective on purchases.
Bath & Body Works (NYSE:) stock soared over 10% after the personal care and home fragrance company raised its full-year guidance after reporting strong third-quarter results.
Palantir (NYSE:) stock rose 2.8% after Wedbush lifted its price target on the big data analytics firm, saying it is time for the broader software space “to get in on the AI Party.”
Merck (NS:) stock rose 1.1% after the US drugmaker said its drug, Winrevair, helped significantly reduce the risk of death in patients with a rare condition which causes high blood pressure in the lungs.
Peabody Energy (NYSE:) stock fell 7.2% after the coal mining company agreed to buy Anglo American’s remaining Australian steelmaking coal mines for up to $3.78 billion in cash.
Snowflake (NYSE:) stock rose 3.5% after Wedbush upgraded its rating on the cloud-based data storage company to ‘outperform’ from ‘neutral’, ceiling confidence in its potential growth, particularly in the realm of artificial intelligence.
Procter & Gamble (NYSE:) stock rose 0.5% after DA Davidson upgraded its stance on the consumer goods giant to ‘buy’ from ‘neutral’, citing positive sales from the important China market.
Summit Materials (NYSE:) stock fell 2.4% after the cement company announced that building materials provider Quikrete will acquire it in a deal valued at $11.5 billion.
